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A seller will only sell good cars if price is greater or equals to the value where he incurs no loss hence supply = 100 but since buyer does not know, demand=supply so long as the value to the buyer is more than the price.
Telematics is a technology that would help to monitor…
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Solution to every questions in my

Download file to see previous pages... But since the drivers would not want to part with so much cash, they will take responsibility on the roads and will also raise revenues to the firms so that they incur their development expenditures (Zagst, 2002). 
However the project is deemed to experience challenges. Most of the drivers may not comply with the new rule as they may install fake products so that they can enjoy their reckless driving hence especially if measures are not put in place on the implementation. The technology is also being implemented based on assumptions which are just but theoretical aspects. For instance not all women will drive responsibility and are given the benefit of doubt by discounts by the insurers which may not turn to be the ...Download file to see next pagesRead More
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